INVENTORIES

12 Months Ended

Dec. 31, 2011

Inventories [Abstract]

Inventories

Note 9. Inventories

	December 31,
		2011		2010
Raw materials	$	1,222	$	1,139
Work in process		958		792
Finished products		2,253		2,045
		4,433		3,976
Reduction to LIFO cost basis		(169)		(154)
	$	4,264	$	3,822

Inventories valued at LIFO amounted to $302and $198 million at December 31, 2011 and 2010, respectively. Had such LIFO inventories been valued at current costs, their carrying values would have been approximately $169 and $154 million higher at December 31, 2011 and 2010, respectively.